8020 Federal Blvd - Storefront Retail/Office FOR SALE


Westminster, CO 80031- East Westminster
$2,799,000 USD
720-683-0399
8020 Federal Blvd, Westminster, CO for Sale
$2,799,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | 6.36% Cap Rate

8020 Federal Blvd
Westminster, CO 80031
East Westminster


HIGHLIGHTS

  • NOI (Current): $178,124. NOI (Proforma): $195,482
  • CAP Rate (Current): 6.36%. CAP Rate (Proforma): 6.98%.
  • Stable income, multi-term tenants on NNN leases
  • Monument signage (double-sided, illuminated)
  • 12 units (11 units 760-845sf, 1 unit 1250sf)
  • 2 parking lots (40 spaces)

OVERVIEW

Hoff & Leigh is excited to present this stable multi-tenant retail property for sale at 8020 Federal Boulevard. Situated in Westminster only 15 minutes from Downtown Denver, this high-demand retail asset at the corner of Federal Boulevard and 80th Avenue has stabilized cashflow and offers an exceptional opportunity for investors. This two-story, two-building property features 12 retail units with a variety of tenant uses providing steady rental income. With Westminster’s increasing population and attraction, the property benefits from high car counts, consistent foot traffic, strong tenant demand, and long-term value appreciation. This investment property currently generates a Net Operating Income (NOI) of $178,124, with a Proforma NOI of $195,482. Current capitalization rate (Cap Rate) of 6.36%, with a Proforma Cap Rate of 6.98%. 8020 Federal Blvd Highlights: • List Price $2,799,000 ($278/sf) • 10,070 SF Gross Leasable Area • 0.45 Lot Size (19,602 SF) • NNN leases with base rent annual escalations • NOI (Current): $178,124. NOI (Proforma): $195,482 • CAP Rate (Current): 6.36%. CAP Rate (Proforma): 6.98%. • 12 units (11 units 760-845sf, 1 unit 1250sf) • 1976 Build (Masonry) • 2 buildings (One 1-story, One 2-story) • 2 parking lots (40 spaces) • Monument signage (double-sided, illuminated) • Great tenant mix • Roof in great condition, less than 10-yrs old • High traffic count and visibility on Federal Blvd • Growing market in Westminster • Zoning: B-1 (Westminster)

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

B-1 (Westminster)

APN/PARCEL ID

1719-29-4-04-005

ASK ABOUT THIS PROPERTY

Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

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Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.